475 West St
Logan, OH 43138
$159,900
3 bd · 1 ba · 912 sqft · Listed today
View on Realtor.com →Year built
1987
Sqft
912
Lot sqft
4,792
HOA / mo
$0
Furnished
No
List date
2026-10-02T04:54:58.000000Z
Revenue
Annual revenue
$29,421
ADR
$211
Occupancy
38%
Cleaning fees (12 mo)
$3,236
Confidence
Low (33.34), 8 comps
Comp revenue range (p25 / median / p75)
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Firepit
House · 3 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $47,846ADR $267Occ ≈ 49%5★ (20)
Charming Victorian Home
House · 3 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $3,270ADR $183Occ ≈ 5%5★ (2)
Peaceful 3 Bedroom Getaway Home
House · 3 bd · 1 ba · sleeps 6 · 0.5 mi
Revenue $15,511ADR $217Occ ≈ 20%4.9★ (101)
The Old Canal House (and hottub!)
House · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $21,424ADR $65Occ ≈ 90%4.8★ (36)
Crossroads Cottage in the Heart of Hocking Hills
Cabin · 3 bd · 1 ba · sleeps 8 · 0.7 mi
Revenue $7,206ADR $277Occ ≈ 7%4.6★ (16)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Firepit House | 3 bd · 2 ba · sleeps 6 | $47,846 | $267 | 49% | 5★ (20) | 0.1 mi | Vrbo |
Pet Friendly, 3BR Retreat, King Bed & Fireplace House | 3 bd · 2 ba · sleeps 6 | $41,783 | $233 | 49% | 5★ (133) | 0.1 mi | AirbnbBooking |
Charming Victorian Home House | 3 bd · 1 ba · sleeps 4 | $3,270 | $183 | 5% | 5★ (2) | 0.4 mi | Airbnb |
Peaceful 3 Bedroom Getaway Home House | 3 bd · 1 ba · sleeps 6 | $15,511 | $217 | 20% | 4.9★ (101) | 0.5 mi | Airbnb |
The Old Canal House (and hottub!) House | 3 bd · 2 ba · sleeps 6 | $21,424 | $65 | 90% | 4.8★ (36) | 0.7 mi | Airbnb |
Lakewood Cottage in Hocking Hills Cabin | 3 bd · 2 ba · sleeps 8 | $27,665 | $397 | 19% | 4.5★ (33) | 0.7 mi | AirbnbVrboBooking |
Chickasaw in Hocking Hills Cabin | 3 bd · 1 ba · sleeps 6 | $21,764 | $281 | 21% | 4.2★ (45) | 0.7 mi | AirbnbVrboBooking |
Crossroads Cottage in the Heart of Hocking Hills Cabin | 3 bd · 1 ba · sleeps 8 | $7,206 | $277 | 7% | 4.6★ (16) | 0.7 mi | Vrbo |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$29,421
NOI
$14,138
Cash flow /mo
$296
Cash needed
$65,871
Cash-on-cash
5.4%
ROE (yr 1)
14.2%
Cap rate
8.8%
DSCR
1.34
Year-1 write-off
$56,352
Year-1 tax shield @ 32%
$18,033
Year-1 return on equity
- Cash flow (annual)$3,548
- Principal paydown$996
- Appreciation at%$4,797
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$5,884
- Platform fees (3% of revenue)$883
- Maintenance / capex (5% of revenue)$1,471
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,550
- Insurance (STR-rated)$1,295
Cash needed to close
- Down payment (25%)$39,975
- Closing costs (4.0%)$6,396
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$18,033
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$132,000
Short-life (5/15-yr)
$37,000 · 28%
Year-1 deduction
$56,000
Year-1 tax shield @ 32%
$18,000
Land 18% (county tax record, market value split) · building $95,000 over 39 years · new furniture $20,000
Based on: 912 sq ft, built 1987, 3 bd / 1 ba, unfurnished, listing features (flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $43,000 in year 1 (18% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,500
Kitchen cabinetsdefault
$7,800 new × 40% good × 1.78 allocation
- $4,500
Kitchen countertopsdefault
$6,400 new × 40% good × 1.78 allocation
- $1,100
Decorative trimdefault
$1,600 new × 40% good × 1.78 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.78 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.78 allocation
- $1,600
Window coverings (9)default
$2,300 new × 40% good × 1.78 allocation
- $4,300
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 1.78 allocation
- $2,600
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 1.78 allocation
- $3,600
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 1.78 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $5,600
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 1.78 allocation
- $5,300
Landscaping (typical)default
$6,000 new × 50% good × 1.78 allocation
- $800
Patiosdefault
$900 new × 50% good × 1.78 allocation
- $800
Decks & porches (attached)default
$900 new × 50% good × 1.78 allocation
- $69,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$98,300 new × 40% good × 1.78 allocation
- $7,200
Building plumbing & fixturesdefault
$10,200 new × 40% good × 1.78 allocation
- $6,300
Building electrical & lightingdefault
$8,800 new × 40% good × 1.78 allocation
- $7,300
HVACdefault
$10,300 new × 40% good × 1.78 allocation
- $4,200
Hardwood & tile floorsdefault
$5,900 new × 40% good × 1.78 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $43,700 | $12,500 | $100 | $56,400 |
| 2 | $0 | $0 | $2,400 | $2,400 |
| 3 | $0 | $0 | $2,400 | $2,400 |
| 4 | $0 | $0 | $2,400 | $2,400 |
| 5 | $0 | $0 | $2,400 | $2,400 |
| 6+ | $0 | $0 | $85,000 | $85,000 |
| Total | $43,700 | $12,500 | $94,800 | $151,100 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Hocking County STR ordinance pending (annual permit, inspection, $1M liability insurance, driveway standards). Steep/gravel driveways are a cost risk.